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LSB Industries Q3 net sales rise on industrial demand

By Reuters News


Overview

  • US ammonia producer's Q3 net sales rose yr/yr, but missed the sole analyst estimate

  • Net income and diluted EPS more than doubled from a year earlier

  • Adjusted EBITDA increased, driven by higher production and strong industrial demand


Outlook

  • Company anticipates robust nitrogen demand through fall 2026 and spring 2027 fertilizer seasons


Result Drivers

  • PRODUCT MIX SHIFT - Co said strong industrial demand led to increased ammonium nitrate and nitric acid sales volumes, with production shifted from UAN to AN

  • NEW FACILITIES - During the first nine months, each of LSB's three facilities set new monthly production records

  • PLANNED TURNAROUND - Co said ammonia and UAN sales volumes were lower due to planned turnaround at Pryor facility


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

Miss

$158.60 mln

$167.70 mln (1 Analyst)

Q3 Net Income

$16.35 mln

Q3 Gross Profit

$43.10 mln

Q3 Operating income

$26.81 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the diversified chemicals peer group is "buy"

  • Wall Street's median 12-month price target for LSB Industries, Inc. is $11.50, about 10.9% above its October 27 closing price of $10.37

  • The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago


Reuters Recommended Reads

  • Oct 26 - China XLX Fertiliser nine-month profit rises on export growth

  • Oct 27 - Natural gas producer Range Resources' Q3 adjusted EPS, net income beat estimates

  • Oct 26 - EQT to buy Range Resources in $13 billion deal to create top US gas producer


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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